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The annual income for Company A is $360,000 in year 1 and it decreased by $15,000 each year. Interest rate is 10% per year.

The annual income for Company A is $360,000 in year 1 and it decreased by $15,000 each year. Interest rate is 10% per year. 1. What is the income in year 3? 2. What is the present worth of the incomes in year 0? 3. What is the future worth of the incomes in year 5? 4. What was the equivalent annual worth of the incomes through year 5?

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